Just completed my third self-storage conversion in October with my W2 job at Elm Builders.

While the cost can vary depending on the scope, zoning, and materials, I’ve seen similar projects run anywhere from $50,000 to $150,000, depending on factors like plumbing, electrical upgrades, and structural work.If you’d like, I can connect you with a few contractors or architects in Chicago who specialize in basement conversions.

Is this a conversion that will also require substantial renovations?

The 1031 positions the investor into a property that the REIT absorbs as @Joe Sera said in the 721 conversion. 

Conversion of LTR into furnished MTR and STR What was the outcome?

.: What is the average conversion rate for cold calling using software like PropStream, specifically targeting probate, foreclosure, or tax delinquency leads?

Investment Info:

Small multi-family (2-4 units) note investment investment.

Purchase price: $80,000

Cash invested: $80,000

This is a reno- adding a 1 bedroom unit to a three family home. No a quad.

...

Check with your lender first—they may allow it if you personally guarantee the loan.2.

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $932,500

Cash invested: $450,000

20-unit building converting from LTR to fully furnished MTR/STR. Fu...

If a home was previusly owned and lived in by a famous person, does it add much value?